The lone bright spot for consumers amid the coronavirus outbreak might be this: Fuel prices are plummeting.
Local averages Monday morning, according to GasBuddy.com, were $2.43 per gallon in Ulster County, down 4 cents from a week earlier; $2.56 in Dutchess County, down 7 cents; and $2.55 in Greene County, down 5 cents.
The New York state average Monday was $2.50 per gallon, down 8.7 cents from a week earlier, GasBuddy reported. The national average fell a whopping 14.3 cents per gallon, to $2.22.
"Gas prices are plummeting in every town, city and state, with the national average seeing one of its biggest weekly declines in the last decade," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "... The root cause continues to be coronavirus-related, since demand for oil slumped globally, inducing the current price war between Russia and Saudi Arabia, as they both raise output, causing oil prices to crash through the floor. ... Continue Reading
Gas prices plunge as virus fears rise | Local News - The Daily Freeman
Source: The Daily Freeman